v3.26.1
ACQUISITIONS (Tables)
6 Months Ended
Jun. 30, 2026
ACQUISITIONS  
Schedule of estimated fair value of the assets acquired and liabilities assumed

The following table presents the estimated fair value of the assets acquired and liabilities assumed (dollars in thousands):

April 24,

  ​ ​ ​

2026

Consideration:

Cash paid

$

142,489

Contingent consideration

1,600

Total consideration

$

144,089

 

  ​

Recognized amounts of identifiable assets acquired and (liabilities) assumed:

Cash and cash equivalents

$

2,363

Loans, net of allowance for credit losses

121,860

Accrued interest receivable

372

Premises and equipment

34

Other assets

 

905

Intangibles - Technology

1,200

Intangibles - Customer Relationships

8,100

Total identifiable assets acquired

134,834

Deferred tax liability

(2,922)

Other liabilities

(3,668)

Total liabilities assumed

(6,590)

Total identifiable assets, net

128,244

Goodwill

$

15,845

Schedule of fair value and unpaid principal balance of the acquired loans

The following table includes the fair value and unpaid principal balance of the acquired loans as of April 24, 2026 (dollars in thousands):

Unpaid

Premium /

Allowance for

Principal Balance

(Discount)

Loans

Credit Losses

Net Loans

Purchased seasoned loans

$

121,357

$

2,520

$

123,877

$

(2,172)

$

121,705

PCD loans

575

(18)

557

(402)

155

Total

$

121,932

$

2,502

$

124,434

$

(2,574)

$

121,860

Schedule of proforma information

For the Three Months Ended

For the Six Months Ended

June 30, 

June 30, 

(dollars in thousand)

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

Net interest income

$

23,776

$

20,481

$

43,193

$

40,285

Non-interest income

5,728

6,121

10,990

10,972

Net income

2,484

6,537

8,998

11,337